Silver Book Fact

In 2004, around 8% of older Americans incurred $2,500 or more in prescription drug costs.

Federal Interagency Forum on Aging-Related Statistics. Older Americans 2008: Key Indicators of Well-Being. Washington, D.C.: U.S. Government Printing Office; 2008. http://agingstats.gov/agingstatsdotnet/Main_Site/Data/2008_Documents/OA_2008.pdf

Reference

Title
Older Americans 2008: Key Indicators of Well-Being
Publisher
U.S. Government Printing Office
Publication Date
2008
Authors
Federal Interagency Forum on Aging-Related Statistics
URL
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Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Out-of-Pocket Spending on Prescription Drugs by Medicare beneficiaries, by Presence of Prescription Drug Coverage, 2003  
  • National health spending numbers are projected to reach $2.4 trillion for 2008.  
  • Hospital spending accounted for 31% of all money spent on health care in 2005, which was the largest share of overall health spending.  
  • Lost workdays and lower employee productivity as a result of chronic disease cost the United States over $1 trillion in 2003.  
  • It is projected that by 2020 the U.S. will spend $685 billion a year in direct medical costs for persons with chronic diseases, and by 2050–$906 billion.